Singapore's DBS chief Piyush Gupta to step down after 15 years

Deputy CEO Tan Su Shan to take post next year as first female leader

Tan Su Shan DBS.jpg

Tan Su Shan, right, was appointed DBS Group Holdings deputy chief executive on Aug. 7 and will replace Piyush Gupta, left, as CEO next year. They are pictured with DBS Chairman Peter Seah. (DBS Group Holdings)

TSUBASA SURUGA, Nikkei staff writer

SINGAPORE -- DBS Group Holdings CEO Piyush Gupta, one of the highest profile bankers in Southeast Asia, will step down next year, the Singaporean lender said Wednesday, in what would be its first leadership change in 15 years.

Gupta, 64, will be succeeded by Tan Su Shan when he retires at the next general meeting on March 28, DBS said. Tan was appointed deputy chief executive on Wednesday in addition to her current role as the group's head of institutional banking.

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